Convert fractions or percents to decimals
Selena bought a car for $5,000, paying 3.5% interest for 4 years. How much interest did she pay?
What is $700?
Layah babysat for extra money for her summer vacation. She deposited the money in her savings account and was paid 2% interest. She left the $300 in the bank for 6 months. How much money did she have in the bank at the end of the 6 months?
What is $3?
Mr. and Mrs. Smith bought a house for $100,000 at 10% interest rate, and paid $10,000 interest over the life of the loan. How long did they take to pay back the loan?
What is 1 year?
$4,000 at 3% for 4 years.
What is $480?
A bank is offering 2.5% simple interest on a savings account. If $5,000 is deposited, what is the balance in a year?
What is $5,125?